Pershing Square
concerns regarding initial proposal frictional costs credit impact alignment issues management frictional costs associated with the financing and taxes due to the of incremental leverage may put pressure on credit rating brand risk due to a loss of control franchisees concerns regarding a potential new landlord rent hikes concerns regarding any potential increase in borrowing costs will compete for new units fear of preferential treatment of shareholders management distraction execution risk | Pershing Square
Company
Deck Type
Sector
Industry
Deck date
January 2006
Slide
26 of 58
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